president, i knew bill clinton. [laughter] our ideas work. their ideas don't. he last the month years, our economy has grown to 1.5% per year. that is less than half the historical average. this president is fond of saying he inherited the worst economy in the history of the universe. everything, by the way, is george w. bush's fault. much historical memory when he makes the argument. any of you remember 1978-1979? double-digit unemployment, 22% interest rates, gas lines, stagflation. in 1980, a different president got elected. ronald reagan, like barack obama, inherited a struggling economy. ronald reagan implemented policies 180 degrees opposite of barack obama. instead of checking up taxes, he cut taxes. instead of exploding spending and the death, he restrained growth and spending. instead of -- debt, he restrained growth and spending. instead of releasing the hounds of regulators on small businesses and rescue -- entrepreneurs, reagan limited regulation. the result was one of the strongest person of economic activity our nation has ever seen. the fourth ye